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China maintains dominance with low-cost battery production
China’s dominance in the battery market, particularly in producing low-cost lithium iron phosphate (LFP) batteries, continues to shape the global EV landscape. According to BloombergNEF’s 2024 outlook (https://about.bnef.com/electric-vehicle-outlook/), Chinese manufacturers produce these batteries are more than 40% cheaper than their Western counterparts, thanks to efficient large-scale production and robust supply… Read ⇢
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Can the EU step up to support its graphite producers?
Europe’s new synthetic graphite industry is facing serious challenges. China’s large production capacity and new US laws that protect their own industries are making it hard for European companies to compete. Burkhard Straube, CEO of Vianode, a Norwegian company, says that the EU’s Critical Raw Materials Act (CRMA) is not… Read ⇢
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U.S. Imposes 25% Tariff on Graphite: A Bold Move to Forge Western Supply Chain
In the midst of rising trade tensions between the U.S. and China, graphite—an essential component in electric vehicle (EV) batteries—has taken center stage. The U.S. has imposed a 25% tariff on both natural and synthetic graphite anodes from China. This bold move is aimed at kickstarting the development of a… Read ⇢
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Graphite prices set to surge as deficits loom with rising EV demand
2023 was a tough year for everyone involved in electric vehicle (EV) materials, and graphite was no different. We saw a significant shift in the demand and pricing of graphite due to changing market dynamics. Here’s a recap of last year’s key trends and what we might expect as we… Read ⇢
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US Treasury extends deadline for EV battery minerals, preserving $7,500 tax credit eligibility
The US Treasury Department has granted automakers more time, until 2027, to adapt to new rules that limit the use of certain minerals from China, including graphite, in electric vehicle (EV) batteries. This decision allows car manufacturers to continue using these minerals in battery anodes, binders, and additives without losing… Read ⇢